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Monetary Policy

Yugoslavia outlines plans for euro swapover

YUGOSLAVIA - Yugoslavia's central bank said on 13 September it had ordered a euro equivalent of 540 million German marks from the Bundesbank in a first step to reshaping its forex reserves ahead of the launch of euro notes and coins.

Euro sceptic wins UK Conservative vote

UK - Iain Duncan Smith has been elected leader of the Conservative Party. He has beaten off the challenge of former cabinet minister Ken Clarke after a fiercely fought and at times bitterly divisive three month battle.

Central banks ease fears of global gridlock

WORLD - Central banks worldwide took swift action on Wednesday 12 Sep to keep financial markets working, pumping in additional money where needed. The Bank of Japan reacted quickly to soothe fears of a global gridlock, and was swiftly followed by other…

Kohler says IMF may look again at 'Tobin tax'

GERMANY - Horst Kohler, the International Monetary Fund's managing director, on Monday acknowledged recent calls by political leaders in Germany and France for more detailed discussions on how better to control international capital markets.

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